RE:News at 11Pinecliff is just buying old assets to replace production....as the reclaimation eventually destroys PNE.
PNE is only Funds Flowing 10m and getting 2.10 NG prices.
Only 45% of their NG is hedged at 2.78 and other 55% is getting destroyed on this summer.
YGR started from scratch so 2019 flush production was not sustainable.
PNE assets are terrible, YGR half production but double CF.
Aimco will just get more equity when PNE needs to recap leaving shareholders in tears...PNE shouldnt be paying a divy right now with these Aeco prices.
Look at pne workin capital...draining reserves each q.
Good luck with pne.